Early gains now turning to session lows for the pound 26 June

Failure to hold above 1.2750 and EURGBP dip-demand sees cable now testing 1.2700 as we wait on the terms of the Conservative-DUP deal.

Good two-way business to be had still and I remain a rally seller.

Demand/support at 12700 and more at 1.2680 should help stem further losses for the moment.

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